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is D correct ? stockholders. Pecuired e. Detedire the amount of recained eamings at of December 31 . Yoar? b. se Crease an accounting equallon
is D correct ?
stockholders. Pecuired e. Detedire the amount of recained eamings at of December 31 . Yoar? b. se Crease an accounting equallon and record the bog hing accourt balancei, revenue, experise, and dvidend events under the asocopriate heodings of the accounting equation d. Cormpiete the equaliy of the accounting equabion as of December 3t, Wear 3 Consplete this quectien by entering your enswers in the tobs below. As of December 31, Year 2. Moss Company had total cash of 5159,000 , notes payable of $85,800, and cammon stock of 352.600. Duing Year 3, Moss earned $38,000 of cash revenue, paid $21000 for cast expenses, and paid a $3,200 cash dimoend to the stockholders Required a. Determane the amount of retained earnings as of December 31. Year 2 b. \& c. Create an accounting equation and record the beginning account balances, revenue, expense. and tividend events uncer the approoriate headings of the accounting equation. d. Complete the equalfy of the accounting equaticn as of December 31, Year 3 . Complete this question by entering your answers in the tabs belaw. Complote the equaliry of thar accounting equation at of becemiter 3 3. Vear 3 Step by Step Solution
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